ABLECON AS: årsregnskap 2016 vs 2015
Grew 15% on revenue, stronger earnings, cash halved-plus
approved 2017-06-21; registry 2017-06-28; journal 2017 549082
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABLECON AS. Revenue 4.11m NOK → 4.73m NOK (+15.1%). Net result +365.3k NOK → +851.5k NOK. Equity 387.1k NOK → 848.8k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABLECON AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.11m NOK to 4.73m NOK (+15.1% YoY). Calculated
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Net result improved
Net result +365.3k NOK → +851.5k NOK (net margin 8.9% → 18.0%). Calculated
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↑
Equity strengthened
Book equity 387.1k NOK → 848.8k NOK (equity ratio 9.1% → 16.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 4.45m NOK → 413.7k NOK (-90.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.41× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.45m NOK → 413.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 1.01m NOK → 932.0k NOK (-7.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 6 NOK → 48.6k NOK. Reported fact